Written answers

Thursday, 26 March 2009

Department of Finance

Pension Provisions

4:00 pm

Photo of Emmet StaggEmmet Stagg (Kildare North, Labour)
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Question 53: To ask the Minister for Finance the net present value of the Exchequer's commitment in respect of the retirement package, including payments already made as part of this package when relevant to the current governor of the Central Bank, the acting chief executive of the Financial Regulator and the previous chief executive of the Financial Regulator; and if he will make a statement on the matter. [12321/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The remuneration, including superannuation, of the Governor, the Chief Executive of the Financial Regulator and the staff of the Central Bank and Financial Services Authority of Ireland are not paid from the Exchequer but from the organisation's own resources. The annual costs of the Central Bank and Financial Services Authority of Ireland, including those relating to remuneration and superannuation, together with the costs of providing pension benefits in compliance with stated accounting rules, are set out in the organisation's annual reports.

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